Money Talk

Who’s up and who’s down
UPNortheast Health System, Beverly, MARating: Baa2Outlook: StableAffected debt: $71.6 million Agency: Moody’s Investors ServiceRemarks: Moody’s affirmed the Baa2 rating assigned to Northeast Health System’s bonds, and the outlook was revised to stable from negative reflecting a rebound in the hospital’s investment portfolio that significantly reduced the risk of not meeting its days-cash covenant on letter of credit-backed debt. The affirmation of rating and the revision of outlook were due to Northeast meeting the 80- days-cash-on-hand covenant in its letter of credit reimbursement agreements while maintaining adequate profitability.

Baptist Health South Florida more than doubled its income in fiscal year 2010 as its hospitals attracted more patients. The nonprofit hospital system had net income of $271.9 million on revenue of $2.18...

Late December is the time of year when we look at ahead with anticipation at what the future holds. With only days left in 2010, I checked in with two seasoned healthcare CFOs to get their insights on what...